Fiberweb India gains on bagging export orders worth Rs 25.3 crore

Fiberweb (India) is currently trading at Rs. 56.00, up by 0.55 points or 0.99% from its previous closing of Rs. 55.45 on the BSE.

The scrip opened at Rs. 55.00 and has touched a high and low of Rs. 57.20 and Rs. 52.70 respectively. So far 54680 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 191.80 on 04-Jan-2018 and a 52 week low of Rs. 52.70 on 12-Sep-2018.

Last one week high and low of the scrip stood at Rs. 65.95 and Rs. 52.70 respectively. The current market cap of the company is Rs. 151.73 crore.

The promoters holding in the company stood at 45.51%, while Institutions and Non-Institutions held 2.27% and 52.22% respectively.

Fiberweb India has received export orders worth Rs 25.3 crore ($3.51 million). In USA and other countries the season has started early this year and this is the only first order of the Season. The order covers both products in the field of PP Spun Bond and Melt Blown Fabrics.

Fiberweb India is engaged in manufacturing and exporting of Non-Woven Spun Bonded Polypropylene Fabric across the world.

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